Document background
The Risk Assessment and Management Plan is a critical document required for organizations operating in Nigeria to effectively identify, evaluate, and manage potential risks across their operations. This document becomes necessary when organizations need to demonstrate compliance with Nigerian regulatory requirements, implement systematic risk management processes, or respond to specific risk-related challenges. The plan includes comprehensive risk identification, detailed assessment methodologies, mitigation strategies, and monitoring procedures, all aligned with Nigerian legislation including the Labour Act, Factories Act, and environmental regulations. It serves as a fundamental tool for organizations to protect their assets, ensure operational continuity, and maintain compliance with local regulations while providing a structured approach to risk management that can be updated and revised as needed.
